Leading Individuals

Next Generation Partners

Banking and finance in India

The Delhi region requires little introduction as the major location for India’s legal system. The Delhi High Court has led the way in terms of becoming paperless; it is reported that it was embracing technology pre-pandemic so was ahead of the game. Under master planning schemes for Delhi, (in part to preserve buildings of historic importance) ‘satellite’ cities of Gurgaon and Noida grew up to form the National Capital Region (NCR) as two of the most important ‘satellite’ cities. Gurgaon has become a key information technology hub and is said to be the third largest financial and banking hub in the country as a result of this. It is also home to India’s largest medical tourism industry.The area generates much of India’s wealth; a large number of corporates and star-ups locate here and many Fortune 500 companies such as Microsoft, IBM, Pepsi and Dell have a presence here. Integrated technology parks and modern office building continue to attract large international businesses, and the influx of foreign money continues to boost the economy. The NCR is home to a skilled workforce, not only in the tech industries but also in government agencies, hospitality and retail. Much of this applies also to Noida whose attractions also include that it is thought to be India’s greenest city with 50% green cover.All of the well-known full-service firms are established here and are ranked in the national ranking tables. Additionally, a number of smaller firms based in this area are listed here. 

AK & Partners

AK & Partners‘ Delhi-based banking and finance team is praised for ‘catering to the vacuum in the NCR region‘ whilst still providing a pan-India service’. A team led by ‘stand-outsAnuroop Omkar and Kritika Krishnamurthy is especially focused on advanced fintech matters together with financial regulatory regimes. It advises non-banking finance and banking clients (including new foreign companies) on first time rollouts of credit cards and other payment systems and has a niche in assisting foreign banks to set up payment systems. On the disputes front, it advises on the unfreezing of bank accounts during investigations by various organisations such as the Financial Intelligence Unit.


‘AK and Partners is a team of young, dynamic professionals who deliver work with a lot of zeal and skill. The team has always been effectively able to provide cross-border transaction advisory services. The team is very committed, knowledgeable and well connected, helping with the successful closure of transactions.’

Anuroop is very dedicated, extremely knowledgeable and well connected. He is approachable and always offers practical advice.’

‘The company is distinguished by the high quality of services provided, fair market prices and strict adherence to deadlines. Research materials cover the entire list of questions raised, and company employees quickly and clearly answer additional questions and provide explanations, all this in English, which is very important for our international business. The team has a wide area of expertise: finance law, banking, corporate and tax law, international tax planning.’

‘Their knowledge around banking, finance and insurance is not just limited limited to India. They managed to provide with a superb handbook for compliance. They also helped us in obtaining license and also have handled few disputes on our behalf.’

‘This is one of the few firms where the number of female members in the team is higher, sometimes double the male strength. Their billing structure is very objective and reasonable.’

‘Anuroop and Kritika as a team give a complete package of practical insight, go-getter attitude, excellent negotiation and communication skills and a network of professionals required to cleanly close a transaction.’

‘Kritika is an excellent deal closer. Anuroop is a born leader.’

‘Most banking and finance practices are concentrated in Mumbai since it is the financial capital. AK and Partners in New Delhi caters to the vacuum in the NCR region. They have a network of lawyers in Mumbai, Bengaluru and other cities to provide pan India support.’

Key clients

FincFriends Private Limited

Zhudao Infotech Private Limited

Credochain Technologies Private Limited

Reeudo Forex Services Private Limited

Work highlights

    AKS Partners

    The New Dehli-based AKS Partners acts for domestic and international clients on a range of banking matters, with particular expertise in banking litigation and debt recovery processes. It is active in the telecoms, manufacturing, travel, e-commerce, insurance, healthcare and financial services sectors, among others. Sonal Kumar Singh, Anish Jaipuriar and Anshuman Gupta head the team, with Singh recommended for disputes and arbitration and Jaipuriar recommended for corporate and commercial transactions.

    Practice head(s):

    Sonal Kumar Singh; Anish Jaipuriar; Anshuman Gupta

    Key clients

    Central Bank of India

    National Textile Corporation Ltd.

    Axis Bank

    Work highlights

    • Advised Housing and Urban Development Corporation Ltd on the drafting of pleadings, examination of witnesses, and preparation of written submissions. Appearing before the District Court.
    • Advised Engineering Projects (India) Ltd before the Hon’ble High Court of Delhi.
    • Advised Airports Authority of India  before the Hon’ble Court.

    Gravitas Legal

    Gravitas Legal‘s relatively new Delhi office is headed by Tanuj Sud who is especially well noted for his project finance expertise.  He advises a range of financial institutions and funds in respect of projects in power/energy, infrastructure and hospitality. His experience also encompases the restructuring of debts, hybrid facilities and promoter funding. Ajay Kumar is a principal associate whose experience spans both banking and finance and general corporate.

    Practice head(s):

    Tanuj Sud

    Other key lawyers:

    Ajay Kumar

    Key clients

    State Bank of India

    ACCIL Auto Steels Private Limited

    Vena Energy Group

    HDFC Bank Limited

    L&T Financial Services

    NIIF Infrastructure Finance Limited

    India Infrastructure Finance Company Limited

    PNB Housing Finance Limited

    ICICI Home Finance Company Limited

    Eros Resorts and Hotels Private Limited

    Garo Hills Autonomous District Council

    Jindal Steel Odisha Limited

    PTC India Financial Services Limited

    Capital Fortunes Private Limited

    Work highlights

    • Acting as the Borrower’s Legal Counsel to Vena Energy Fatanpur Power Private Limited that is operating and maintaining a 108 MW wind power project at Fatanpur, Dwas District in Madhya Pradesh and has now availed refinance facility from Indian Renewable Energy Development Agency Limited aggregating Rs. 564,50,00,000 with respect to the project.
    • Acting as the Borrower’s Legal Counsel to Jindal Steel Odisha Limited (JSOL) in respect of a project cost aggregating INR 22,468,00,00,000. JSOL has approached State Bank of India for a syndicated rupee term loan facility for an aggregate amount of Rs. 15,727,00,00,000.
    • Acting as the Borrower’s Legal Counsel to Garo Hills Autonomous District Council (“GHADC”) which proposes to develop, re-develop, design, finance, construct, operate and maintain seven infrastructural units with an estimated project cost of INR 312 crores with financing from the Bank of India; a rupee term loan facilities aggregating INR 262,00,00,000 backed by corporate guarantee of Government of India.

    Sagus Legal

    Shruti Kanodia heads up the banking and finance practice at Sagus Legal which acts for an impressive array of clients in areas ranging from technology and manufacturing to power and energy. The team is known for a range of expertise including acquisition finance, debt recovery and restructuring and structured finance. Kanodia is well experienced in financing for consortia of banks.

    Practice head(s):

    Shruti Kanodia

    Key clients

    Jindal Stainless Limited

    RBL Bank Limited

    Petronet LNG Limited

    Jindal Coke Limited

    Jindal United Steel Limited

    PFC Limited

    REC Limited

    Jindal Stainless (Hisar) Limited